CGX Energy Inc V.OYL

Alternate Symbol(s): CGXEF

Energy Oil & Gas E&P

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.

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CGX Energy Inc > Financing options

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Comment by soulfireon Nov 30, 2020 3:44pm

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Post# 32002629

RE:RE:RE:RE:RE:Financing options

I say heads need to roll to show they mean business.
The current management is ineffective as per the most recent news release.
These guys are small timers at best.
They need real oil and gas personel to handle this company and I don't even think they will be able to handle success if we have a major strike. They might S**T their pants.
Suresh is a major obstacle and I'd be happy to see him go.
Seems like the Government sees it the same way.
So what's taking so long Frontera??????

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